
FxWirePro: NZD/USD to continue extended rallies – long-term downtrend can’t be disregarded
Oct 05, 2015 08:40 am UTC| Technicals
We predict Chinese slowdown may certainly impact adversely on NZD in future though short term gains are on the cards. Leading indicators on weekly charts suggest prevailing price recoveries to sustain further and may...
FxWirePro: EUR/JPY clears 200 DMA, breaks above 135.38 could take the pair to 136 levels
Oct 05, 2015 07:59 am UTC| Technicals
EUR/JPY clears 200 DMA at 134.88, stays supported above the 135 handle. The pair is currently trading close to days highs by 135.09, with days highs at 135.17 and lows at 134.40 Overall bias however remains on...

USD/CAD breaks major trend line support 1.3140, decline till 1.3000 is possible
Oct 05, 2015 07:14 am UTC| Technicals
USD/CAD has broken major trend line support at 1.3140 (trend line joining 1.2126 and 1.30113) and this confirms short term weakness, a decline till 1.300 is possible. Intraday trend is still weak as long as resistance...

FxWirePro: Placing diagonal strips on AUD/NZD to serve hedging motive
Oct 05, 2015 07:03 am UTC| Technicals
Currency Option Strategy: First and foremost considering the prevailing downtrend, the implied volatility of AUDNZD ATM contracts is at 8.79% which is good sign for option holders. The potential target on upside is...

USD/CAD breaks major trend line support 1.3140, decline till 1.3000 is possible
Oct 05, 2015 06:54 am UTC| Technicals
USD/CAD has broken major trend line support at 1.3140 (trend line joining 1.2126 and 1.30113) and this confirms short term weakness, a decline till 1.300 is possible. Intraday trend is still weak as long as resistance...
FxWirePro: EUR/GBP rangebound ahead of European open, awaits EZ PMI data
Oct 05, 2015 06:36 am UTC| Technicals
EUR/GBP trades a tight range in the Asian session, with days highs at 0.7392 and lows at 0.7378 Later in the day, attention turns towards a raft of final services PMI readings from the Euro zone In focus will be UK final...

AUD/USD trades in narrow range, market awaits RBA policy meeting
Oct 05, 2015 06:35 am UTC| Technicals
Aussie has made a high of 0.7847 on 1st Oct and declined till 0.7000 from that level. It is currently trading around 0.7068. Market RBA rate decision for further direction which is to be held on Tuesday (Oct 6th). RBA is...